George Green leads foundry deal

Black Country law firm George Green has advised on the sale of Mathers Foundry to a Mumbai Stock Exchange-listed company.

Manufacturing company Mathers Foundry was sold by parent company Westley, based in Cradley Heath, to alloy steel casting group WPIL.

The terms of the deal were not disclosed.

WPIL, which manufactures combined pumps and alloy casting, is based in India.

Westley Group consists of five brands and spcialises in non-ferrous foundry. The group employs more than 200 people and has a turnover of about €30m.

Associate Clare Martin led the George Green advisory team and Clyde Co represented WPIL.

James Salisbury, Westley Group’s managing director, said: “We are very pleased to have been responsible for the formation and development of Mathers Foundry, whose core competence of manufacturing complex, high grade steel alloys for use in challenging environments exactly complements the WPIL Group of companies.

“We are proud to have worked with the management team and all the employees in Mathers Foundry; the business will continue to be ran from its facility in Manchester with its existing Management Team, led by Colin Toft.”